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The new General Motors was named General Motors Company LLC, a separate and independent entity from the old corporation. The new company retained four of its major brands: Chevrolet, Cadillac, GMC, and Buick. It planned to keep 3,600 out of 6,000 of its US dealerships.
Pontiac, or formally the Pontiac Motor Division of General Motors, was an American automobile brand owned, manufactured, and commercialized by General Motors. It was originally introduced as a companion make for GM's more expensive line of Oakland automobiles. [ 3 ]
On February 18, 2009, General Motors and Chrysler again approached the U.S. government, in regard to obtaining a second bridging loan of $21.6 billion (£15.2 billion). $16.6 billion of this would go to General Motors, while Chrysler would take $5 billion. General Motors agreed to shed 47,000 jobs, close five plants, and axe 12 car models.
Robb Brown's roots with General Motors Co. (GM) run deep. His grandfather, Willis E. Brown Sr., founded Toledo's Brown Pontiac in 1926, which is currently the oldest seller of the GM brand in the ...
This just in: A Midwest expat is urging GM to revive the Pontiac brand, a retiree mourns decline in car quality, a reader is frustrated with the GOP. Dumping Pontiac was a mistake. GM should bring ...
But the new GM is backtracking on that last item, with a top executive disclosing in an interview Tuesday that the company plans on reinstating 900 car dealerships it had sought to shut down.
Under Project 2000, GM would eliminate or relocate dealerships, and also focused on establishing multi-brand locations, selling Buick, Pontiac and GMC vehicles or Cadillac, Hummer and Saab vehicles. The program was controversial with dealers, many who didn't want to close their dealership or sell their franchise rights.
Sometimes little guys do come out ahead -- that is, if you consider car dealers "little guys." General Motors said Friday it plans to revive some 600 dealerships the Detroit auto giant had planned ...